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RBI opens special dollar window for three state-run oil companies from October 12
Source: Business Today · 3 days ago
Summary
The RBI will start a special dollar window on October 12, selling U.S. dollars to three public‑sector oil firms through selected banks. This arrangement is meant to help the companies obtain the full amount of foreign currency they need each day for their operations.
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From the original report
Under the arrangement, the RBI will sell US dollars to the three public sector oil companies through designated banks. The facility is intended to ensure that the companies can meet their full daily foreign currency requirements for their operations.
Excerpt from Business Today.
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